Did I learn from revision?
Quiz
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Other
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12th Grade
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Practice Problem
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Medium
Chong David
Used 5+ times
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is producer revenue?
firm expenditure
price x quantity
marginal revenue
producer profit
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When may I need to consider PES?
When demand increases
When we examine the impact of a depreciation of currency on import expenditure
When supply falls
When examining pricing decision of firms.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a levy?
A quota
A form of tax
A regulation
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is dependency ratio ceiling?
A cap on the number of local workers that a firm can hire.
How many children a nuclear family has.
A measure of how dependent a child is on his/her parents.
A ratio of foreign vs local workers to ensure that a firm does not only hire foreign workers
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Training of workers increases their productivity and reduces cost of production for producers. So they need lesser workers and so demand for workers will fall.
True
False
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